Obama’s Regulatory Cliff Draws Near

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Obama’s Regulatory Cliff Draws Near

The scope is staggering. According to the Competitive Enterprise Institute, the overall regulatory burden has reached $1.8 trillion annually, and $215.4 billion in compliance costs have been added in 2012 alone. The OMB’s Office of Information and Regulatory Affairs website reveals that 4,100 new regulations are in the pipeline, with more than 400 aimed at small businesses, whose compliance costs will exceed those of their larger competitors by 36 percent.